Toyota announces another major recall - KFDA - NewsChannel 10 / Amarillo News, Weather, Sports

Toyota announces another major recall

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There's a recall affecting millions of vehicles worldwide.

Wednesday morning Toyota issued a recall of 2.77 million vehicles.

The company is now receiving some criticism since this isn't the only recall they've had recently.

Just last month they announced a recall of over seven million vehicles, which was one of their largest in years.

If you add the two recalls up, that number jumps to over 10 million.

The one Wednesday involves the Prius second-generation models and the Toyota Corolla.

It was prompted by problems with the vehicle's steering shaft, which can suffer damage if sharp turns are made at slow speeds.

The second problem deals with the electric-powered motor pumps.

Toyota is still attempting to recover from a damaged reputation back in 2009, after a recall involving 12 million vehicles and fines.

The Japanese car maker has made every effort to regain customer trust but continues to receive criticism as more recalls stack up.

Toyota executives have acknowledged the escalating number of recalls and say they were partly caused by the company's overly ambitious growth goals.

Sales are booming for them around the world, especially in emerging markets.

Those vehicle problems has Toyota mixed into a million dollar lawsuit.

The auto maker is agreeing to pay 25.5 million dollars to investors as a settlement, after they were accused of not disclosing safety and quality issues related to recalls and reports of unintended vehicle acceleration in 2010.

The investors claimed internal documents show that Toyota deliberately hid the problems and knew about defects as early as 2000.

Toyota continues to deny wrongdoing and liability.

The settlement seeks approval by a district judge.